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a. keep their rates of production constant.
b. keep their prices constant.
c. match price cuts but not price increases.
d. match price increases but not price cuts.
Option ----------------------- B
(B) Thank You.
b. keep their prices constant
B.
all the firms will set the same prices, p1 = p2 = p, and that it will be equal to the marginal
cost, in other words, the perfectly competitive outcome
I Will Choose Option " B "
I choose option b ....................................................................................................
b. keep their prices constant.. .............................................................................
My answer is also option (B)
The answer is : Option ( B )
answer B _________________________________